May 07, 2011, 7:27AM

John Bravata, who grew up in Kalamazoo and ran a Southfield real estate investment company called BBC Equities, has been charged by the U.S. Attorney in Detroit with one count of wire fraud. Full story »

March 29, 2011, 12:11PM

U.S. District Court Judge David Lawson issued the ruling Friday after the receiver in the case, who is trying to secure funds for investors in BBC Equities, requested that he be able to take possession of the property. Full story »

February 01, 2011, 6:02AM

The government has shown a “substantial likelihood” of proving that John Bravata committed fraud when he took $53 million from 440 investors in Michigan and Ohio, a federal judge ruled Monday. Full story »

January 25, 2011, 1:34PM

A U.S. District Court Judge in Detroit today ruled that the U.S. Attorney's office and the FBI can begin going through electronic records related to Bravata's businesses, BBC Equities and Bravata Financial Group Full story »

December 28, 2010, 2:03PM

U.S. Attorney Barbara McQuade said a five-year statute of limitations on potential financial crimes surrounding Bravata’s alleged $50 million Ponzi scheme could be reached by spring 2011, according to a court document filed Monday in Detroit. Full story »

December 28, 2010, 6:12AM

Bravata's Southfield-based companies were shut down in 2009 after the Securities and Exchange Commission filed a civil lawsuit accusing him of a $53 million fraud. He says he was invested in dozens of real estate parcels and denies any fraud. Full story »

April 13, 2010, 1:00PM

The Securities and Exchange Commission last year filed a lawsuit accusing John Bravata and his firms of running a $53 million scam in which investors' money was recycled to pay off other investors. He denies any fraud. The civil case is pending. Full story »